LOT eyes PLN 300 mln revenue this year

State-owned airline LOT had over PLN 150 million profit from its core operations between January-June this year and hopes to have PLN 300 million profit for the whole year, company’s CEO Rafał Milczarski said. The carrier's 2016 net profit reached PLN 303 million, with core operations bringing in PLN 184 million profit. Milczarski said that since 2016, LOT is implementing its new business goals: opening new routes and increases revenue, while “keeping an eye on every dollar spent.” During that period, LOT launched 41 new connections, which was previously impossible, as the company was forced by the EU not to start new routes due to receiving state aid. Between January-July, LOT carried 3.7 million passengers, up by 23 percent y/y.